2023

Travel Smart Ranking

Find out how 322 businesses across the world are performing on commitments to reduce and report corporate air travel emissions.

This ranking is updated live and reflects new developments submitted by businesses in between the annual editions of the ranking.

Read the full methodology here and executive summary here.

new data

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AT = Air Travel    BT = Business Travel

Company
Country
Sector
Target
Target
Year
Target
Specificity
Reporting
Specificity
Total
Score
View
more
A
ABN Amro

Ranking change up

Netherlands
Finance
Target
-50%

Target
Year

2025

Target
Specificity

AT target

Reporting
Specificity

AT reporting

Total
Score

12.5

Target Type: Absolute
Years since target announced**: 3
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: No
2019 air travel emissions: 10.400
tCO2

A
Swiss Re

New developments

Ranking change up

Switzerland
Finance
Target
-50%

Target
Year

2023

Target
Specificity

AT target

Reporting
Specificity

AT reporting

Total
Score

12.5

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 62.657 tCO2e (incl. non-CO2*) – 32.977 tCO2
tCO2

A
Novo Nordisk
Denmark
Pharmaceuticals and Biotechnology
Target
-50%

Target
Year

2025

Target
Specificity

AT target

Reporting
Specificity

AT reporting

Total
Score

12

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: No
2019 air travel emissions: 63.050
tCO2

A
Zurich Insurance Group
Switzerland
Finance
Target
-70%

Target
Year

2022

Target
Specificity

AT target

Reporting
Specificity

BT reporting

Total
Score

11.5

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 17.353
tCO2e (incl. non-CO2*) – 9.133 tCO2

A
Fidelity International
United Kingdom
Finance
Target
-50%

Target
Year

2024

Target
Specificity

AT target

Reporting
Specificity

AT reporting

Total
Score

11.5

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting: No
Reporting non-CO2: No
2019 air travel emissions: 10.216
tCO2

A
Lloyds Banking Group
United Kingdom
Finance
Target
-50%

Target
Year

2022

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

11

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 22.768
tCO2e (incl. non-CO2*) – 11.983 tCO2

A
AstraZeneca

Ranking change up

United Kingdom
Pharmaceuticals and Biotechnology
Target
-23%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

AT reporting

Total
Score

11

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 210.568
tCO2e (incl. non-CO2*) – 110.825 tCO2

A
Abrdn
United Kingdom
Finance
Target
-72%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

11

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: No
2019 air travel emissions: 9.282
tCO2

A
Arcadis NV

New developments

Ranking change up

Netherlands
Consulting
Target
-50%

Target
Year

2025

Target
Specificity

AT target

Reporting
Specificity

AT reporting

Total
Score

11

Target Type: Intensity
Years since target announced**: 1
Years of reporting***: 3
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 18.220
tCO2

A
HSBC

Ranking change up

United Kingdom
Finance
Target
-50%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

10.5

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 61.975
tCO2e (incl. non-CO2*) – 32.619 tCO2

A
Crédit Agricole
France
Finance
Target
-30%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

AT reporting

Total
Score

10.5

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 43.859
tCO2

A
Antea Nederland B.V.

New developments

Ranking change up

Netherlands
Consulting
Target
-50%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

AT reporting

Total
Score

10.5

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting: No
Reporting non-CO2: Yes
2019 air travel emissions: 182
tCO2e (incl. non-CO2*) – 107 tCO2

A
Pfizer Inc

Ranking change up

United States of America
Pharmaceuticals and Biotechnology
Target
-25%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

10.5

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 150.647
tCO2e (incl. non-CO2*) – 79.288 tCO2

B
Wipro
India
Technology
Target
-55%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

10

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 95.282
tCO2

B
Intesa Sanpaolo
Italy
Finance
Target
-35%

Target
Year

2022

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

10

Target Type: Absolute
Years since target announced**: 6
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 6.904
tCO2

B
Mapfre

Ranking change up

Spain
Finance
Target
-8%

Target
Year

2024

Target
Specificity

AT target

Reporting
Specificity

BT reporting

Total
Score

10

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 9.885
tCO2e (incl. non-CO2*) – 5.203 tCO2

B
Vattenfall
Sweden
Energy
Target
-50%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

10

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 12.680
tCO2

B
S&P Global
United States of America
Finance
Target
-25%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

10

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 36.139
tCO2

B
Adobe
United States of America
Technology
Target
-30%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

10

Target Type: Absolute
Years since target announced**: 3
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: No
2019 air travel emissions: 68.473
tCO2

B
Servier
France
Pharmaceuticals and Biotechnology
Target
-16%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

AT reporting

Total
Score

9.5

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 3
CDP reporting: No
Reporting non-CO2: No
2019 air travel emissions: 28.886
tCO2

B
Capgemini
France
Consulting
Target
-50%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

AT reporting

Total
Score

9.5

Target Type: Intensity
Years since target announced**: 2
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 188.571
tCO2

B
AXA
France
Insurance
Target
-18%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

9.5

Target Type: Absolute
Years since target announced**: 3
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 65.633
tCO2

B
Rabobank
Netherlands
Finance
Target
-42%

Target
Year

2030

Target
Specificity

AT target

Reporting
Specificity

AT reporting

Total
Score

9.5

Target Type: Absolute
Years since target announced**:
Years of reporting***: 4
CDP reporting: No
Reporting non-CO2: No
2019 air travel emissions: 18.510
tCO2

B
Schroders
United Kingdom
Finance
Target
-50%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

9.5

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 7.737
tCO2

B
PricewaterhouseCoopers (PwC)
United Kingdom
Consulting
Target
-50%

Target
Year

2030

Target
Specificity

BT Target

Reporting
Specificity

AT reporting

Total
Score

9.5

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 3
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 934.000
tCO2e (incl. non-CO2*) – 491.579 tCO2

B
Deloitte
United Kingdom
Consulting
Target
-50%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

AT reporting

Total
Score

9.5

Target Type: Intensity
Years since target announced**: 2
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 935.937
tCO2e (incl. non-CO2*) – 492.598 tCO2

B
Salesforce
United States of America
Technology
Target
-50%

Target
Year

2022

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

9.5

Target Type: Intensity
Years since target announced**: 1
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 109.299
tCO2

B
Marsh & McLennan
United States of America
Insurance
Target
-15%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

AT reporting

Total
Score

9.5

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting: No
Reporting non-CO2: No
2019 air travel emissions: 79.556
tCO2

B
Sopra Steria Group

Ranking change up

France
Technology
Target
-43%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

9

Target Type: Intensity
Years since target announced**: 6
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 25.133
tCO2

B
M&G plc

New developments

Ranking change up

United Kingdom
Finance
Target
-46%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

AT reporting

Total
Score

9

Target Type: Absolute
Years since target announced**:
Years of reporting***: 3
CDP reporting: No
Reporting non-CO2: Yes
2019 air travel emissions: 8.946
tCO2e (incl. non-CO2*) – 4.708 tCO2

B
Publicis
France
Services
Target
-50%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

9

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 3
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 52.162
tCO2

B
Ernst & Young Global
United Kingdom
Consulting
Target
-35%

Target
Year

2025

Target
Specificity

AT target

Reporting
Specificity

BT reporting

Total
Score

9

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 3
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 846.000
tCO2e (incl. non-CO2*) – 445.263 tCO2

B
Veritas Technologies, LLC
United States of America
Manufacturing
Target
-19%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

9

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting: No
Reporting non-CO2: Yes
2019 air travel emissions: 14.273
tCO2e (incl. non-CO2*) – 7.782 tCO2

B
Mckinsey & Co.
United States of America
Consulting
Target
-30%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

AT reporting

Total
Score

9

Target Type: Intensity
Years since target announced**: 2
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 594.500
tCO2

B
Jacobs
United States of America
Consulting
Target
-20%

Target
Year

2022

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

9

Target Type: Absolute
Years since target announced**: 3
Years of reporting***: 3
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 75.416
tCO2

B
Boston Consulting Group
United States of America
Consulting
Target
-48.50%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

9

Target Type: Intensity
Years since target announced**: 2
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: Yes
2019 air travel emissions: 361.765
tCO2e (incl. non-CO2*) – 190.403 tCO2

B
Blackrock
United States of America
Finance
Target
-40%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

9

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 4
CDP reporting: Yes
Reporting non-CO2: No
2019 air travel emissions: 30.108
tCO2

B
Atlassian Corporation Plc
United States of America
Technology
Target
-25%

Target
Year

2025

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

9

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 3
CDP reporting: No
Reporting non-CO2: No
2019 air travel emissions: 16.704
tCO2

B
Valmet
Finland
Energy
Target
-30%

Target
Year

2030

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

8.5

Target Type: Absolute
Years since target announced**: 1
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 27.332
tCO2

B
Dassault Systemes
France
Technology
Target
-23%

Target
Year

2027

Target
Specificity

BT target

Reporting
Specificity

BT reporting

Total
Score

8.5

Target Type: Absolute
Years since target announced**: 2
Years of reporting***: 4
CDP reporting:
Reporting non-CO2: No
2019 air travel emissions: 24.932
tCO2

*Actual emissions if reported, estimated from BT emissions otherwise. Emissions in tCO2e including non-CO2 effects are disclosed if they are reported by the company. **As of January 2023. ***Between 2018 and 2021, with thus a maximum of 4.

New developments

Companies that submitted new data and improved their performance

September 1, 2023
Michelin
Manufacturing
France
June 8, 2023
Swiss Re
Finance
Switzerland
May 17, 2023
CCC
Retail
Poland
May 15, 2023
M&G plc
Finance
United Kingdom
March 22, 2023
Arcadis NV
Consulting
Netherlands
March 15, 2023
Antea Nederland B.V.
Consulting
Netherlands

Commitment and reporting data have been diligently collected by Transport & Environment. Companies are invited to submit new data for review and improve their performance by contacting .

There are many aspects to the sustainability of a company’s business model and practices.

This ranking covers corporate flying, which is key to reducing emissions and to the future of sustainable aviation.

Broader aspects of a company’s business model should also be addressed for it to be considered a leader in sustainability. 

Q&A

In the first edition of the ranking published in 2022, 229 companies were selected. These were chosen from the 2021 Top 100 Corporate Flyers List, the Science-Based Targets (SBTi) database, and through a selection of European companies based upon market capitalisation, business travel commitments or reporting.

Last year’s list was kept as a template, although we removed a limited number of companies, if they were relatively small or did not fly much for business. We then decided to add large companies, susceptible to flying a lot for business. For the 17 countries chosen to be part of the 2023 ranking (Austria, Belgium, Denmark, Finland, France, Germany, India, Italy, Ireland, Netherlands, Poland, Portugal, Spain, Sweden, Switzerland, United Kingdom and United States), we included the countries’ largest companies in terms of employees, the top 10 companies by market capitalization, and the companies with the highest business travel emissions in the CDP dataset. 

The ranking now includes 322 companies. 

The ranking grades the 322 companies according to ten indicators, relating to air travel emissions, reduction targets and reporting. Each indicator was broken down into varying levels of success, which gave a company a specific amount of points. 

For example, for the first indicator on commitment (i.e. does a company have a reduction commitment and does it specifically mention business air travel), a company was awarded 0 points for no target, 0.5 points for a broad emissions reduction target, 1 point for a business travel emissions reduction target, and 1.5 points for an air travel emissions reduction target. 

For a detailed overview of the ten indicators and how many points were attributed for each level of success, please refer to Table 2 of the full briefing.

We divided the range for total score, which goes from -1 to 14 points, in four equal parts corresponding to categories A, B, C or D. Companies are categorised based on their total score. 

Points are deducted for not disclosing emissions and for being a major emitter (i.e. having business travel emissions above 280,000 tCO2). The minimum score (-1) represents a company which has no emissions reduction target, and either has no reporting or is a major emitter.

An A grade corresponds to a score of 10.5 points or above. A company with the grade B has a total score ranging from 6.5 to 10. The grade C was given to all those companies with a score between 3 and 6. And the lowest grade, D, was for all companies scoring 2.5 points or less.

The ranking was updated to include more companies this year (see question 1). In addition, we extended the number of indicators and the point system. The geographic scope was extended to include India.

As the impacts of climate change are more visible than ever, and the harmful effects of fossil-fueled aviation on the planet are clear, we tightened the criteria in this edition of the ranking. General company-wide targets, such as Scope 3 targets, were not considered relevant enough. We only granted points for targets specific to business travel. Similarly, we did not attribute points to target achievement dates after 2030. 

Two new indicators were added in this edition of the ranking. 0.5 points were attributed to companies reporting their corporate environmental data in CDP. CDP offers the most comprehensive standard and comparable dataset for company environmental data disclosure. Secondly, this year’s ranking looks at reporting of non-CO2 effects associated with business travel. Aviation’s non-CO2 effects are estimated to warm the atmosphere twice as much as its CO2 effects only. It is thus capital to make non-CO2 reduction a priority in the coming years. We have thus granted an additional 0.5 points to companies which report the full climate impacts of business flying, including non-CO2 effects.